Indy woos Chicago Mercantile Exchange Group

Futures-exchange group may be seeking better corporate tax rate

12:10 AM,
Dec. 3, 2011

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Indiana could gain hundreds of high-paying jobs and tens of millions of dollars in tax revenue if the Chicago Mercantile Exchange Group follows through on an idea discussed with Mayor Greg Ballard on Friday: moving the world's largest futures-exchange group to Indianapolis.

However, it's unclear how serious CME is about moving, or whether it is just using Indianapolis in a high-stakes bluff with Illinois over that state's raising of corporate taxes.

"I think it would be a tremendous win for the city, but it's preliminary right now," Ballard said Friday evening. "They're looking at other ...